Paxos Trust Company launched PAX Gold, the first crypto-asset redeemable for physical gold today.
Originally, Satoshi Nakamoto intended Bitcoin to act as a hedge against the greed and incompetence of central bankers, which he saw as central to most of the economic woes of his time. Remember, of course, that Bitcoin was created during the aftermath of the 2008 housing crisis market meltdown.
We discussed exchanges and what role they pay in the cryptocurrency investment ecosystem in last week’s Deciphering Cryptocurrency. Next up is wallets and security.
We’ll be focusing on cryptocurrency 101 for the next few weeks, and specifically how to get involved and what due diligence looks like for the cryptocurrency investor.
Blockchain Foundry (BCFN.C) entered into the first first phase of a blockchain development and marketing agreement with blockchain-based real estate lending firm Noteblock today.
There is lots of speculation about why Bitcoin is up this week ranging from an insecure reaction to Trump’s trade war with China, to new big names now accepting cryptocurrency.
If I walked into the Cactus Club on Burrard Street with two supermodels on my arm and an eight ball in my pocket and $5k sticking out of my mouth, and told the assembled Howe St crowd ‘this can all be yours, all you have to do is listen to me talk for five minutes about a blockchain deal,’ I’d be stuck with supermodels, cash, and blow for the rest of the day.
Pity the 346 investors who saw former Goldman Sachs (GS:NYSE) macro trader Michael Novogratz launching his ‘crypto merchant bank’ Galaxy Digital Holdings (GLXY.V) in November of last year and couldn’t wait to get into his pre-TSX listing $304m financing announced in January.
On July 12, 2018 HashChain (KASH.V) announced that it has closed a deal for two cryptocurrency mining companies, “contributing an aggregate total of 5,000 more Antminer S9 Rigs to HashChain’s existing 4,495 Rigs.”